MES for Process Manufacturing Set for Growth

The MES market for Process Manufacturing is expected to grow at a compound annual growth rate (CAGR) of about 14% over the next five years. The market was slightly greater than US$1.9 billion in 2007 and is forecasted to exceed $3.6 billion in 2012, according to a new ARC Advisory Group study.

The report also says that for the past several years, the demand for Collaborative Production Management for Process Manufacturing (CPM-P) solutions has been strong and accelerating. In fact, 2007 experienced one of the largest increases in a long time. (note: ARC uses the term Collaborative Production Management to denote Manufacturing Execution Systems)

“The market grew by an unprecedented amount last year. Many factors contributed to the stellar growth including continued economic success, the shifting of funds for corporate business systems to plant systems, greater integration and interoperability of systems, and the need for companies to improve real-time plant performance visibility,” said Senior Analyst Tom Fiske, the principal author of “Collaborative Production Management Systems for the Process Industries Worldwide Outlook”